Switzerland’s status as an international centre for jobs at commodities-trading companies is under threat from Singapore, a country whose low tax rates may give it a competitive edge in attracting commodities talent.
A new Swiss Federal Government report on the commodities sector stresses the importance of Switzerland remaining a global leader in commodities trading, and argues that the sector, which contributes about 3.5% of the country’s gross domestic product, should not be overburdened by regulations. Full story
